Asset managers must reveal the full cost of management to investors, as concealed costs can account for up to 85% of a fund's total transaction fees, the Pensions Institute says.
The industry has questioned whether the charge cap on auto-enrolment (AE) default funds is good for scheme members.
There has been an increase in the number of institutional investors that outsource all voting and engagement, according to the Investment Management Association (IMA).
The Pensions Bill has received Royal Assent in Parliament, bringing reforms to state pension and the abolition of defined benefit (DB) contracting out closer.
The Financial Reporting Council (FRC) has formally agreed proposals from the Investment Management Association (IMA) that will see fund managers break down profits and losses in pounds and pence figures for the first time.
The Financial Reporting Council (FRC) has formally agreed proposals from the Investment Management Association (IMA) that will see fund managers break down profits and losses in pounds and pence figures for the first time.
The Investment Management Association (IMA) has called on members to "abandon" the use of annual management charges (AMCs) on any literature following the Financial Conduct Authority's guidance on fund fees.
The Investment Management Association (IMA)is to merge with the Association of British Insurers' (ABI) investment affairs unit in a bid to give fund managers a single, stronger representative voice.
Jonathan Lipkin says it is time for the industry to step up